UMWA rejects Peabody’s offer for retired employees

Sep 26, 2013 | 07:48 PM | Stacy Irish

Tags  Peabody Energy, United Mine Workers of America, UMWA, Patriot Coal, Cecil E. Roberts, Vic Svec, healthcare benefits, Voluntary Employee Beneficiary Association Stacy Irish

NEW YORK — The United Mine Workers of America (UMWA) union has rejected a settlement offer from Peabody Energy Corp. to pay benefits to retired employees of bankrupt former subsidiary Patriot Coal Corp.

The money could have been used to provide 3,100 Patriot retirees with lifetime health-care benefits comparable to those of Peabody’s active corporate employees, the St. Louis-based company said.....

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